I am in the process of purchasing my first investment property (Triplex) which I plan to live in for the short term. I plan on purchasing with a primary residence loan rather than investment loan for the favorable terms.

I am also in the process of selecting and building a modular home which WILL become my primary residence.

Here are the questions...

-How will the first "primary" mortgage be looked at while applying for my build loan(which will be converted to a primary loan apon completion)?

-Will me getting that first loan as a primary be an issue considering I plan to receive both loans within months of one another?

Should I just forget the first loan all together and purchase the property for cash and refi after completing my construction loan to get my money back..??